Anupam-Rasayan-India-Limited-IPO-Elite

Anupam-Rasayan-Ipo-ELite

Anupam Rasayan is one of the leading company  engaged in the custom synthesis and manufacturing of specialty chemicals in India. In custom synthesis and manufacturing operations, the processes and technical specifications are developed in-house, and the product is made for a specific customer. The company has two distinct business verticals (i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and (ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.

Anupam Rasayan India Ltd. IPO

Wants To Apply Online

 

           open-demat-online

                                                            Issue Details
Objects of the issue ·          To Repayment/prepayment of certain indebtedness including accrued interest

·          To meet general corporate purposes.

Issue Size Total issue Size -Rs. 760Cr.

Fresh Issue – Rs 760  Cr.

Employee Reservation – 220,000 shares

Face value  

Rs.10 Per Equity Share

Issue Price Rs. 553 – Rs. 555
Bid Lot 27 shares
Listing at  

BSE, NSE

Issue Opens: 12th March, 2021 – 16th  March, 2021
QIB 50% of Net Issue Offer
Retail 35% of Net Issue Offer
NIB 15% of Net Issue Offer

 

Financial Performance:

Financial-Performance-ipo

Shareholding Pattern:

Shareholding Pattern Pre- Issue Post Issue
Promoters & Promoters Group 75.80% 65.41%
Public 24.20% 34.59%
Source: RHP, EWL Research,

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Check Anupam Rasayan India Ltd. IPO Allotment Status

Anupam Rasayan India Ltd. IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Anupam Rasayan India Ltd. IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Anupam Rasayan India Ltd.
  4. Enter your PAN Number or Application Id or DP Client Id.

 

Anupam Rasayan India Ltd. IPO

Application Form

 

 

Strengths:

  • Strong and long-term relationships with diversified customers across geographies with significant entry barriers

  • Core focus on process innovation through consistent research and development, value engineering and complex chemistries

  • Diversified and customized product portfolio with a strong supply chain

Key Highlights:

  • Revenue from operations has grown at a CAGR of 24.29% during FY18-FY20.

  • Net Profit margin of the company declined from 11.5% in 9MFY20 to 8.9% in 9MFY21 due to 52% YoY rise in raw material cost.

  • Top 10 customers represented 84.01% of revenue from operations in the nine months ended December 31, 2020.

  • D/E ratio of the company decreased from 1.38 in FY19 to 1.20 in 9MFY21.

  • 3% Revenue of the company comes from exports.

  • RoE of the company reduced from 10.21% in FY19 to 6.78% in

Risk Factors:

  • Incurred significant indebtedness which it may not comply with repayment.

  • May experience insufficient cash flows to meet required payments on debt and working capital requirements.

  • Experienced negative cash flows from operating activities in Fiscal 2018 and may, in the future, experience negative cash flows.

  • Restrictions on import of raw materials and an increase in shipment cost may adversely impact business

Outlook:

Anupam Rasayan manufacture agro intermediates and agro active ingredients in life sicence chemicals segment for the agrochemicals industry which are used in the manufacture of  insecticides, fungicides and herbicides and has strong and long-term relationships with various multinational corporations, including, Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Company Limited and UPL Limited. In life science related specialty chemicals segment, Agro Revenue constitute 67.34% of total revenue of the company. Revenue of the company from Europe, Japan and India accounted for 35.97%, 5.83% and 31.95%, respectively, in Fiscal 2020, and 31.43%, 15.32% and 38.66%, respectively, in the nine months ended December 31, 2020. Indian crop protection chemicals exports have grown at a CAGR of almost 9% to US$ 2.1 billion between 2015 – 2019. By 2024, exports are expected to grow at a CAGR of 10.23 percent to US$ 3.1billion.  At the higher end of the price band of Rs. 555, the stock is offered  at a PE multiple of 89.9x on FY21E annualised Post issue EPS of Rs. 7.12 whereas Industry has highest P/E ratio of 65.7. We would recommend Listing gain to this IPO to risk aversion investors considering  high valution  of the company. However investors with long term perspective can invest to the IPO for longer term.

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